Switch to:
PowerShares QQQ Trust Series 1  (NAS:QQQ) Net-Net Working Capital: $0.00 Mil (As of . 20)

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

PowerShares QQQ Trust Series 1's net-net working capital per share for the quarter that ended in . 20 was $0.00.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

PowerShares QQQ Trust Series 1 Annual Data

Net-Net Working Capital

PowerShares QQQ Trust Series 1 Semi-Annual Data

Net-Net Working Capital

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Calculation

PowerShares QQQ Trust Series 1's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in . 20 is calculated as

Net-Net Working Capital Per Share(A: . 20 )
=(Cash And Cash Equivalents +0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock/Shares Outstanding (Diluted Average)
=(+0.75 * +0.5 * -N/A
-)/0
=N/A

PowerShares QQQ Trust Series 1's Net-Net Working Capital (NNWC) per share for the quarter that ended in . 20 is calculated as

Net-Net Working Capital Per Share(Q: . 20 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock/Shares Outstanding (Diluted Average)
=(+0.75 * +0.5 * -N/A
-)/0
=N/A

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener. GuruFocus also publishes a monthly Net-Net newsletter.


Related Terms


Headlines

From the Internet

QQQ
Hits Keep Coming S And P 500

- Seekingalpha 2017-10-20 16:25:21

QQQ
Cape Vix Ratio Tells U S Likely Looming Ahead

- Seekingalpha 2017-10-20 15:18:39

QQQ
Market Volatility Bulletin Amazon Blame Low Inflation

- Seekingalpha 2017-10-20 15:07:47

QQQ
Economist Lynn Reaser U S Economy Signs Bubble

- Seekingalpha 2017-10-20 14:22:44

QQQ
Little Market

- Seekingalpha 2017-10-20 12:33:14

QQQ
Investors Ignore May Biggest Policy Error History

- Seekingalpha 2017-10-20 11:47:53

QQQ
Low Yields Imply Bond Allocations

- Seekingalpha 2017-10-20 11:15:14

QQQ
Fabulous Friday Finish Markets Make New Highs

- Seekingalpha 2017-10-20 10:00:23

QQQ
Fast Track on Tax Cuts? GE Posts Q3 Fail

- Zacks 2017-10-20 09:18:00

QQQ
Suckers Going

- Seekingalpha 2017-10-20 04:02:56

QQQ
Labor Market Slack Weak Wage Growth

- Seekingalpha 2017-10-20 03:19:05

QQQ
Ill Wind Hurricanes Impacts Employment Earnings

- Seekingalpha 2017-10-20 03:07:19

QQQ
U S Tax Reform Taking Care Business

- Seekingalpha 2017-10-20 02:09:32

QQQ
Book Profits 5 Major Equity Etfs Targets Reached

- Seekingalpha 2017-10-19 15:44:01

QQQ
Black Swan Events Worry

- Seekingalpha 2017-10-19 14:07:25

QQQ
Federal Reserve Never Printed Money Part Ii

- Seekingalpha 2017-10-19 12:15:37

QQQ
Love Smell Chaos 3 30 Morning

- Seekingalpha 2017-10-19 11:59:10

QQQ
New Lows Jobless Claims

- Seekingalpha 2017-10-19 10:46:20

QQQ
Mystery Stock Theater 3000

- Seekingalpha 2017-10-19 09:57:22

QQQ
Weekly Unemployment Claims 22k Lowest Since 1973

- Seekingalpha 2017-10-19 09:56:42

QQQ
Recession Watch October 2017

- Seekingalpha 2017-10-19 08:21:00

QQQ
Wall Street Breakfast Yellen Heads Oval Office

- Seekingalpha 2017-10-19 07:00:44

QQQ
Investors Listen Tolstoy Trump

- Seekingalpha 2017-10-19 06:51:01

QQQ
Topix Vs Yen

- Seekingalpha 2017-10-18 23:23:51

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK